IFAC on int’l map

KATHMANDU: Institute of Chartered Accounts of Nepal (ICAN) has got international recognition. The International Federation of Accountants (IFAC) has granted full membership to ICAN. The decision was taken at a council meeting of the federation on November 13 in Rome. IFAC president Faming Del Vele presented the membership certificate to ICAN chief Tanka Prasad Paneru. — HNS

CFL dividends

KATHMANDU: A board meeting of Central Finance Ltd (CFL) decided to distribute bonus shares and cash dividends from its profit of the fiscal year 2007-08. The bonus shares will be granted after permission from Nepal Rastra Bank. It gained an operating profit of Rs 43.2 million in the fiscal 2007-08 while in the current fiscal 2008-09 it collected a deposit of Rs 900 million along with an investment of Rs 800 million. — HNS

NBL’s 72nd anniv

KATHMANDU: Nepal Bank Ltd will celebrate its 72nd anniversary on Saturday. A bank press statement issued here said NBL has net profit of Rs 60 million in the first quarter of this fiscal year. In the first quarter of the last fiscal it was Rs 57.6 million. The bank’ s Non Performing Asset (NPA) is 8.33 per cent whereas last year in the same period it was 13.44 per cent. — HNS

Taipei Rotarians

KATHMANDU: A group of representatives from Rotary Club of Taipei YungFu visited Federation

of Handicraft Association of Nepal (FHAN) on Thursday to promote trade relations between Taiwan and Nepal. Idea exchange and mutual support between the two nations in handicraft sector can better promote it, said FHAN president Pushkarman Shakya. — HNS

CBIL shares

KATHMANDU: Citizens Bank International Ltd (CBIL) is going to float shares worth Rs 300 million among the general people. According to a press statement, the bank will provide the facility of zero balance account to those willing to buy the shares but who do not have an account at the bank. — HNS

BANL branches

KATHMANDU: Bank of Asia Nepal Ltd has decided to open 11 more branches and reach a total number of 21 branches in operation within a year to go. According to a press statement, the bank will open its 11th branch at Chhetrapati. It also aims to increase its capital and is planning to distribute rights shares of around Rs 1 billion in the coming year. — HNS